Acquisition Prioritization: A Multicriteria Approach Based on a Case Study

In: Operations Research Spectrum. Available at http://kluedo.ub.uni-kl.de/volltexte/2006/2021/, Submitted, 2006

Authors

• Horst W. Hamacher
• Stefan Ruzika
• Akin Tanatmis

Abstract

Selection of new projects is one of the major decision making activities in any company. Given a set of potential projects to invest, a subset which matches the company's strategy and internal resources best has to be selected. In this paper, we propose a multicriteria model for portfolio selection of projects, where we take into consideration that each of the potential projects has several - usually conflicting - values. We propose a method for computing a small set of efficient (Pareto-optimal) project portfolios which serves as a representation of all efficient portfolios. This method is realized in the software tool ProSel (project selection) which additionally assists the decision maker in choosing the final project portfolio. Our approach was tested in a case study for KEIPER, an international company which develops and manufactures vehicle seating systems.

BibTeX

 
@Article{ HamacherEtAl:Acquisition, 
   title = { Acquisition Prioritization: A Multicriteria Approach Based on a Case Study }, 
   author = { Horst W. Hamacher and Stefan Ruzika and Akin Tanatmis },    
   journal = { Operations Research Spectrum },           
   note = { Available at http://kluedo.ub.uni-kl.de/volltexte/2006/2021/ },  
   year = 2006, 
} 

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This publication belongs to the project DeNDeMA.